California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 8 - Operations-Investments and Borrowings
Article 3 - Investments and Borrowings
Section 108.305 - Authorized Investments Pursuant to Section 6702(c) and (d) of the Law
Universal Citation: 10 CA Code of Regs 108.305
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The securities in which an association may invest under subsection (c) of Section 6702 of the law include the following:
(1) United States government
securities (i.e., treasury bills, notes and bonds)
(2) District of Columbia Armory Board
bonds
(3) Federal Housing
Administration debentures
(4)
Government National Mortgage Association:
(A)
Participation certificates
(B)
Mortgage-backed bonds
(C)
Mortgage-backed securities (pass-through)
(5) Farmers Home Administration insured
notes
(6) New Communities
debentures pursuant to Title IV of HUD Act of 1968 and Title VII of HUD Act of
1970
(7) Public Housing notes and
bonds issued under programs administered by HUD
(8) Export-Import Bank of the United States
debentures, guaranteed participation certificates and guaranteed certificates
of beneficial interest
(9) Merchant
Marine bonds issued in accordance with the Merchant Marine Act of 1936, as
amended
(b) Authorized investments under subsection (d) of Section 6702 include securities issued or guaranteed by the following agencies or instrumentalities:
(1) Federal Home Loan Mortgage
Corporation
(2) Federal Home Loan
Banks
(3) Federal Savings and Loan
Insurance Corporation
(4) Banks for
Cooperatives
(5) Federal Land
Banks
(6) Federal Intermediate
Credit Banks
(7) Student Loan
Market Association
(8) Federal
Financing Bank
1. Change without regulatory effect renumbering former Section 231.5 to Section 108.305 (Register 87, No. 14). For prior history, see Register 83, No. 16.
Note: Authority cited: Section 5255, Financial Code. Reference: Section 6702, Financial Code.
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